Shares in Bitcoin-focused Strive closed 5.8% higher on Thursday after the company said it will become a “Daily Dividend Company” and revealed it eliminated all debt in the first quarter of 2026.
The Vivek Ramaswamy-founded company said the Variable Rate Series A Perpetual Preferred Stock, ticker SATA, will start paying dividends every business day beginning June 16 at a current annual dividend rate of 13%. The payouts are funded by income generated from the company’s Bitcoin treasury strategy.
Strive CEO Matt Cole said the move will make it the first public company to offer daily dividends, expanding on a similar playbook adopted by Michael Saylor’s Strategy, which has relied on perpetual preferred stock offerings such as Stretch (STRC) to fund its Bitcoin purchases while paying investors every two weeks.
“The rate at which innovation is happening in the digital credit space is fascinating to behold,” said Bitcoin For Corporations contributor Adam Livingston. Strategy executive chairman Michael Saylor called the daily dividends “impressive.”
Strive’s daily dividends mark another example of a Bitcoin treasury firm moving beyond a simple buy-and-hold strategy to remain competitive in the bear market.
This comes as Strive reported an unrealized net loss of $265.9 million for Q1. The company attributed the loss to a decrease in the fair market value of its Bitcoin holdings as Bitcoin fell 23% during the quarter.
Source: Matt Cole
Strive is now operating debt-free
Strive said it ended the quarter with no outstanding debt after buying back the remainder of its long-term notes.
“Today, Strive stands debt-free, with zero margin requirements, and zero encumbered Bitcoin; a balance sheet purpose-built to thrive through Bitcoin volatility.”
Strive shares flip to positive year-to-date
Strive (ASST) shares rose 5.8% to $17.70 Thursday following the company’s earnings statement and gained another 0.73% in after-hours trading.
The company is now up 2.43% year to date but still down more than 81% over the past year.
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Strive ended Q1 with 13,628 Bitcoin, including 5,048 Bitcoin acquired through its purchase of Semler Scientific during the quarter. It has since added another 1,381 Bitcoin, bringing its total to 15,009 Bitcoin worth $1.22 billion at current prices.
On Wednesday, another Bitcoin company, Nakamoto, rose 2.7% after reporting that its revenue increased 500% quarter-on-quarter in Q1 to $2.7 million, with $1.1 million of that coming from a new strategy of using its Bitcoin holdings as collateral to earn yield.
Meanwhile, Q1 results from some of the larger players in the crypto industry were a mixed bag.
Stablecoin issuer Circle rallied 15% after reporting its revenue rose 20% quarter-on-quarter to $694 million, beating estimates, while crypto exchange Coinbase’s shares slid after it reported a steep first-quarter loss with a 21% fall in revenue to $1.4 billion. Robinhood also dipped 9.4% after its Q1 revenue also missed analyst expectations.
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